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MarketScreener Homepage  >  Equities  >  Nyse  >  AES Corporation (The)    AES

AES CORPORATION (THE)

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AES : Indianapolis Power & Light Earns EEI Emergency Assistance Award for Efforts to Restore Service in Ohio After Tornados

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01/08/2020 | 03:10pm EST

Indianapolis Power & Light Company (IPL), a subsidiary of The AES Corporation (NYSE: AES), was presented today with the Edison Electric Institute’s (EEI’s) “Emergency Assistance Award” for its response efforts after severe tornados hit Dayton, Ohio, in May 2019.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200108005810/en/

Last Memorial Day, a series of 15 tornadoes struck the Dayton area causing wide-spread destruction. In response, IPL sent 26 lineworkers and support personnel more than 120 miles to help restore service to customers over the course of 10 days.

“We are honored to be recognized for EEI’s Emergency Assistance Award,” said Lisa Krueger, AES US SBU President. “We are proud to serve our customers in Indianapolis and answer the call to help the critical restoration efforts for our neighboring electric companies in times of need.”

The Emergency Assistance Award is given annually to select EEI member companies to recognize their outstanding efforts to assist other electric companies with power restoration after service has been disrupted by severe weather conditions or other major incidents. The winners are chosen by a panel of judges following an international nomination process. IPL received the award during EEI’s Winter Board and Chief Executives Meeting in Tucson, Arizona.

“I applaud IPL for responding to the request for mutual assistance and for helping to restore service safely and quickly to those impacted by this severe storm,” said EEI President Tom Kuhn. “Mutual assistance is a hallmark of the electric power industry, and it is critical to helping restore power to customers following significant events.”

About Indianapolis Power & Light Company and AES:

Indianapolis Power & Light Company (IPL), an AES Company, provides retail electric service to more than 500,000 residential, commercial and industrial customers in Indianapolis, as well as portions of other Central Indiana communities surrounding Marion County. During its long history, IPL has supplied its customers with some of the lowest-cost, most reliable power in the country. For more information about the company, please visit www.IPLpower.com or connect with us at www.twitter.com/IPLpower, www.facebook.com/IPLpower or www.linkedin.com/company/IPLpower.

The AES Corporation (NYSE: AES) is a Fortune 500 global power company. We provide affordable, sustainable energy to 14 countries through our diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. Our workforce is committed to operational excellence and meeting the world’s changing power needs. Our 2018 revenues were $11 billion and we own and manage $33 billion in total assets. To learn more, please visit www.aes.com. Follow AES on Twitter @TheAESCorp.


© Business Wire 2020
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Financials (USD)
Sales 2019 11 049 M
EBIT 2019 2 255 M
Net income 2019 552 M
Debt 2019 18 862 M
Yield 2019 2,74%
P/E ratio 2019 18,1x
P/E ratio 2020 13,2x
EV / Sales2019 2,92x
EV / Sales2020 2,91x
Capitalization 13 444 M
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Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 21,40  $
Last Close Price 20,25  $
Spread / Highest target 18,5%
Spread / Average Target 5,68%
Spread / Lowest Target -3,70%
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NameTitle
Andrés Ricardo Gluski Weilert President, Chief Executive Officer & Director
John B. Morse Chairman
Bernerd Raymond da Santos Ávila Chief Operating Officer & Senior Vice President
Gustavo Pimenta Chief Financial Officer & Executive Vice President
Sanjeev Addala Chief Information Digital Officer & Senior VP
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